DILLARD’S Announces Q2 Earnings Results for FY2024
August 16, 2023
🌥️Earnings Overview
On August 10 2023, DILLARD’S ($NYSE:DDS) reported their fiscal year 2024 second quarter earnings results as of July 31 2023. The revenue for the quarter amounted to USD 1597.4 million, reflecting a 1.3% decrease from the same period in FY2023. Net income decreased 19.5% to USD 131.5 million year-over-year.
Price History
On Thursday, DILLARD’S announced its second quarter earnings results for fiscal year 2024. The stock opened at $343.0 and closed at $369.8, representing an increase of 10.0% from the closing price of $336.2 on the previous day. The impressive growth in the company’s stock price was indicative of the impressive financial results that DILLARD’S reported. The impressive financial results are thanks to DILLARD’S focus on customer satisfaction, evidenced by the company’s various initiatives such as its loyalty program and its digital-first strategy.
Customers have responded positively to these initiatives, which has resulted in increased sales and profitability for the company. Overall, DILLARD’S second quarter earnings results were very positive and is an encouraging sign for the company and its investors moving forward. Investors should take note of this success as they consider investing in the company’s stock in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dillard’s. More…
| Total Revenues | Net Income | Net Margin |
| 6.95k | 810.1 | 11.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dillard’s. More…
| Operations | Investing | Financing |
| 1.07k | -222.77 | -563 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dillard’s. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.51k | 1.8k | 102.11 |
Key Ratios Snapshot
Some of the financial key ratios for Dillard’s are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | 88.8% | 14.9% |
| FCF Margin | ROE | ROA |
| 13.6% | 38.4% | 18.4% |
Analysis
GoodWhale has conducted an analysis of DILLARD’S fundamentals and the results are impressive. According to the Star Chart, DILLARD’S is strong in asset, dividend, and profitability, but weak in growth. The health score of 10/10 is a testament to the company’s strong cashflows and low debt, making it capable to safely ride out any crisis without the risk of bankruptcy. We classify DILLARD’S as a ‘cow’ – a type of company with a track record of paying out consistent and sustainable dividends. Investors looking for a steady and reliable return on their investment will find DILLARD’S to be an ideal option. Its dividend income is one of its strong points, providing a consistent source of income that is not reliant on external factors such as market movements. This makes it a great choice for those who are looking for a secure and stable long-term investment. More…
Peers
Dillard’s Inc, Macy’s Inc, Nordstrom Inc, and Kohl’s Corp are all in competition with each other. They are all trying to get the customer’s money by offering different products and services.
– Macy’s Inc ($NYSE:M)
Macy’s Inc is an American department store chain founded in 1858. It is one of the largest department store chains in the United States with around 850 stores in 45 states. Macy’s Inc has a market cap of 5.04B as of 2022 and a Return on Equity of 40.81%. The company operates in the Retail industry and its headquarters is in Cincinnati, Ohio.
– Nordstrom Inc ($NYSE:JWN)
Nordstrom is an American luxury fashion retailer founded in 1901. It has a market cap of $3.09B as of 2022 and a Return on Equity of 70.09%. Nordstrom operates in over 38 countries and has over 350 stores across the globe. The company offers a wide range of products and services, including apparel, shoes, handbags, jewelry, and beauty products. Nordstrom also has an e-commerce platform that offers free shipping and returns.
– Kohl’s Corp ($NYSE:KSS)
Kohl’s is a leading retailer that operates more than 1,100 department stores across the United States. The company offers a wide variety of merchandise, including apparel, shoes, and accessories for men, women, and children, as well as home products. Kohl’s also provides exclusive lines from top brands such as Nike, Adidas, and Under Armour. In addition to its retail stores, Kohl’s operates an e-commerce site and a mobile app.
Kohl’s has a market capitalization of 3.3 billion as of 2022 and a return on equity of 16.46%. The company has been in operation for over 50 years and has a strong reputation for providing quality merchandise at competitive prices. Kohl’s is committed to offering an enjoyable shopping experience for its customers and provides a variety of convenient shopping options, such as online and mobile shopping.
Summary
Investors in Dillard’s Inc. may be encouraged by the company’s second quarter results for FY2024, as reported on August 10th 2023. Total revenue of USD 1597.4 million showed a slight decrease of 1.3% year over year, while net income came in at USD 131.5 million, down 19.5% from the previous year. On the day of the release, the stock price moved up, suggesting that the markets perceived the results favorably. Investors should continue to monitor Dillard’s financials for further updates and assess opportunities for potential investment.
Related Posts
Recent Posts
